Investment in Real Estate

9 Months Ended

Sep. 30, 2014

Real Estate [Abstract]

Investment in Real Estate

Investment in Real Estate

The following table contains information regarding the Company’s investment in real estate as of September 30, 2014 and December 31, 2013:

	September 30, 2014			December 31, 2013
Land	$	10,379		$	9,213
Buildings and Improvements	98,597			97,671
Less: Accumulated depreciation and amortization	(4,143		)	(1,823		)
Total real estate, net	$	104,833		$	105,061

During the year, the Company completed its assessment of the allocation of the fair value of the real estate acquired from Heritage (including land, buildings, and equipment) in accordance with ASC 805 Business Combinations. This finalization resulted in a re-allocation between land and buildings on the Company’s consolidated balance sheets of $1,167.